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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    435-437 Hollywood Ave Fairfield, NJ 07004

    • Commercial real estate
    • 14,283 SF
    • 0.94 lot acres
    For Sale
    View listing
    $1,300
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-2152621
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 435-437 Hollywood Ave

    Construction
    FRAME
    Lot size
    0.94 lot acres
    Property size
    14,283 SF
    Zone code
    HD
    Property type
    Commercial real estate
    APN
    07 03802-0000-00001
    APU
    703802000000001

    Description

    This exceptional 2nd-floor retail space, located at 435-437 Hollywood Avenue, Unit 7, in Fairfield, NJ, presents a fantastic opportunity for a discerning business. Situated within a bustling shopping center, this unit offers high visibility and convenient access for customers. The space boasts approximately 0.94 acres of land and features a well-designed layout ideal for a variety of retail uses. The interior includes a dedicated office, providing a private workspace for administrative tasks or client meetings. A separate storage room offers ample space for inventory or supplies, ensuring efficient organization. A private bathroom adds to the convenience and comfort of the space. The large open workspace is bathed in natural light, creating a welcoming and productive environment for employees and customers alike. The unit also includes additional water and sewer provisions. This property is perfectly positioned to capitalize on the high foot traffic and strong commercial activity in the heart of Fairfield. Its versatile layout and prime location make it an attractive option for businesses seeking a thriving retail environment. The asking price is $1300. Don't miss this chance to secure a prominent retail presence in a desirable Fairfield location. Contact us today to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,285,000
      6.5%
      $3,030,000
      7%
      $2,815,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,731,000
      Market price range: $599k - $2.94M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,790,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $3,905,000
      Change: +3% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $3,785,000
      Change: -0% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fairfield
    County
    Essex
    State
    New Jersey
    Longitude
    -74.2896
    Latitude
    40.8807
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $78,554
    $648,000
    $3,273,800
    $3,921,800
    -
    $648,000
    $3,273,800
    $3,921,800

    Comparable in this City

    • Value Estimation by Request

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      COMMERCIAL (GENERAL)
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      View Details
    • Value Estimation by Request

      Clinton Rd

      COMMERCIAL (GENERAL)
      Clinton Rd, Fairfield, NJ 07004
      View Details
    • Value Estimation
      $705,000
      2.84 Acres

      224 Passaic Ave

      COMMERCIAL (GENERAL) • 2.84 Acres
      224 Passaic Ave, Fairfield, NJ 07004-3505
      View Details
    • Value Estimation
      $1,035,000
      4.61 Acres

      234 Us Hwy 46

      COMMERCIAL (GENERAL) • 4.61 Acres
      234 Us Hwy 46, Fairfield, NJ 07004
      View Details
    • Value Estimation
      $2,460,000
      12,000 SF

      167 Fairfield Rd

      COMMERCIAL (GENERAL) • 12,000 SF
      167 Fairfield Rd, Fairfield, NJ 07004-2404
      View Details
    • Value Estimation by Request
      612 SF

      82 Fairfield Rd

      COMMERCIAL (GENERAL) • 612 SF
      82 Fairfield Rd, Fairfield, NJ 07004-2401
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.94 Acres

      Fairfield Retail Space: Prime Location

      Spacious 2nd Floor Retail Unit in Busy Center
      435-437 Hollywood Ave, Fairfield, NJ 07004
      View Details
    • $2,650,000
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      Turnkey Restaurant with Liquor License

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    Similar Nearby for Lease

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    • $13 SF/Yr
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      Fairfield Office Space For Rent

      Office space with separate entrance, private bathrooms, and utilities.
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    • $15 SF/Yr
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      Prime Fairfield Executive Suites

      NJ Office Space: 1,250-3,400 SF Available
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      Fairfield Retail Space For Rent

      First floor retail space in a busy Fairfield shopping center.
      435 Hollywood Ave, Fairfield, NJ 07004
      View Details
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    Fairfield, NJ 07004
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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